Newmark Group Reports 26% Revenue Growth to $863.5 Million in Latest Quarter

Newmark Group, Inc. reported significant financial growth in its latest quarterly results, with total revenues reaching $863.5 million for the three months ended September 30, 2025, a 26% increase from $685.9 million in the same period last year. For the nine months ending September 30, 2025, revenues totaled $2.29 billion, up 22.7% from $1.87 billion in the prior year. The company’s net income available to common stockholders also saw a substantial rise, increasing to $46.2 million, or $0.26 per share, compared to $17.8 million, or $0.10 per share, in the previous year’s third quarter. Year-to-date, net income available to common stockholders was $58.2 million, up from $15.8 million in the same period of 2024.

The company attributed its revenue growth to strong performance across its business segments, particularly in Capital Markets, which saw a 59.7% increase in revenues to $301.3 million, driven by a 129.1% rise in total debt volumes and a 67.3% increase in investment sales. Management Services, Servicing Fees, and Other revenues grew by 12.6% to $318.1 million, while Leasing and Other Commissions increased by 13.7% to $244.0 million. The increase in revenues was accompanied by a rise in expenses, with total operating expenses increasing to $820.3 million, primarily due to higher compensation and employee benefits, which rose by 30.1% to $510.2 million.

In terms of strategic developments, Newmark completed the acquisition of RealFoundations in October 2025, further expanding its service offerings. The company also launched new property and facilities management businesses in India and a fund administration business, which are expected to contribute to future revenue growth. As of September 30, 2025, Newmark reported total assets of $5.46 billion, up from $4.71 billion at the end of 2024, and total liabilities of $3.83 billion, compared to $3.17 billion previously.

Operationally, Newmark's workforce remained stable, with a slight increase in revenue-generating headcount. The company reported a total of 159.1 million shares of Class A common stock outstanding as of September 30, 2025, alongside 21.3 million shares of Class B common stock. The company continues to maintain a strong liquidity position, with cash and cash equivalents of $224.1 million and $450 million available under its revolving credit facility. Looking ahead, Newmark anticipates continued growth driven by strong demand for its services and strategic investments in new markets and service lines.